Us Elections Gold Price, Ep4o1iyffqnpdm

Last year the price started at around 1290oz.

Us house elections 2020 new york. Gold futures were up 02 at 188290 per ounce. Presidential elections in the 1990s and 2000s index. The us presidential election has a historical tendency to influence financial markets as a change in leadership often brings a shift in fiscal policy.

Gold price ticked higher on monday as caution crept in ahead of tuesdays hotly contested us. Its generally understood that the value of the us dollar correlates with the price of gold. 2020 gold price forecast gold stocks to watch.

The silver price shed as much as 73 percent this week dropping as low. Golds inverse relationship with the us dollar could see the precious metal continue to track lower in the near term given that the upcoming us presidential election on november 3 will more than likely stoke volatility up until the point that a winner is announced. In the non election years 2017 and 2018 the price of gold remained fairly steady.

Gold was priced at us1879 as of 1035 am. The effect of the election on the price of gold is a topic of passionate debate. President trumps resurgence in the national polls appears to have capped gold prices.

For example after the elections in 1972 gold continued for a week its downward trend which started a few weeks before reaching a bottom before it. And ended at 1530oz a difference of more than 18. Again no clear pattern emerges.

Spot gold rose 02 to 188200 per ounce by 0335 gmt while us. Us election 2020 and gold. But in 2019 as the presidential election drew closer the price of gold took off.

For the price of gold there has been greater. Watch del real discuss the gold sector and junior plays above. A high dollar value means a lower price for gold while a weaker dollar means a higher price for gold.

Presidential elections sparking some bids for the safe haven metal though a resilient dollar capped gains. The price of gold from the election day 100. Election risk remains underpriced in the precious metals space according to a report published by citigroup inc.

Gold prices xauusd us presidential elections blue wave congress talking points. Ceos analysts on gold silver and platinum. Where could gold prices head before and after the 2020 election.

Although democratic nominee joe biden is holding a significant lead over president donald trump in the. After dropping to a two month low this week gold could climb back above 2000 an ounce and hit new record highs before the year end as the us.